NKE NIKE, Inc.
Price Chart
Executive Summary
On March 11, 26 firms issued ratings on Nike (NKE) in a rare cluster, with Barclays leading via an upgrade to Overweight (Equal-Weight) and a price target increase to $73 from $64 — a 65% upside from the current $44.36. This bullish call is contrarian to 4 downgrades over the past 30 days (HSBC, Piper Sandler, Goldman Sachs, JPMorgan) and 22 EPS downward revisions for FY0. Consensus stands at 63% Buy/33% Hold/5% Sell (43 analysts) with a mean target of $61.68 (+39% upside). Barclays is 54% accurate on 6,761 calls, above many peers covering NKE. Momentum is negative, but insider buying since April 7 totals over $3.7M, including Chairman Tim Cook and director Hill Elliott. Short interest is extreme at 58.4% of float, setting up a potential squeeze. The bifurcated signals make NKE a high-risk, high-reward contrarian play ahead of earnings on June 24.
Impact Score
Consensus & Targets
Consensus among 43 analysts: 27 (63%) Buy/Strong Buy, 14 (33%) Hold, 2 (5%) Sell. The rating has held a majority Buy bias, but the recent downgrades have shifted the tone. The cluster of March 11 actions did not change the overall consensus meaningfully; the stock remains in a bull camp but with rising caution.
Current price: $44.36. Mean target: $61.68 (39% upside), median: $56 (26% upside). High target: $120 (174% upside), low: $23 (48% downside). Barclays' $73 target is 18% above the mean, placing it in the top quartile of bulls. The wide range ($23-$120) underscores extreme disagreement among analysts.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-13 | HSBC | downgrade | Hold | $48.00 |
| 2026-04-10 | Piper Sandler | downgrade | Neutral | $50.00 |
| 2026-04-02 | Goldman Sachs | downgrade | Neutral | $52.00 |
| 2026-04-01 | Citigroup | maintain | Neutral | $53.00 |
| 2026-04-01 | JP Morgan | downgrade | Neutral | $52.00 |
| 2026-04-01 | Barclays | maintain | Overweight | $67.00 |
| 2026-04-01 | BNP Paribas | maintain | Underperform | $23.00 |
| 2026-04-01 | Piper Sandler | maintain | Overweight | $60.00 |
| 2026-04-01 | Evercore ISI Group | maintain | Outperform | $57.00 |
| 2026-04-01 | Wells Fargo | maintain | Overweight | $55.00 |
Over the past 30 days, NKE has seen 4 downgrades and 0 upgrades. EPS revisions are sharply negative: 22 downward revisions for FY0 vs 7 up, and 29 down for FY1 vs 1 up. The FY0 EPS estimate has fallen 4.9% from $1.574 to $1.498. The negative momentum in estimates is a headwind to near-term price action.
Firm Track Record — Barclays
Barclays accuracy: 54% on 6761 calls | avg return: 3.9%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Wedbush | 67% | 2/3 | 0.2% | top tier |
| TD Cowen | 60% | 3/5 | 2.5% | above average |
| Williams Trading | 50% | 2/4 | 8.9% | below average |
| Goldman Sachs | 50% | 2/4 | 10.1% | below average |
| Keybanc | 50% | 1/2 | 2.3% | below average |
| Oppenheimer | 50% | 1/2 | 4.3% | below average |
| Citigroup | 43% | 3/7 | 2.2% | below average |
| RBC Capital | 38% | 3/8 | -1.2% | below average |
| Evercore ISI Group | 33% | 2/6 | 0.7% | below average |
| BMO Capital | 33% | 1/3 | -5.1% | below average |
Barclays has a 54% accuracy on 6,761 calls with an average return of 3.9%. Among firms covering NKE, the best performer is Wedbush (67% on 3 calls, small sample) and worst are Telsey Advisory Group (22% on 18 calls) and Guggenheim (20% on 5). Barclays ranks in the upper half but below top-tier accuracy. Its upgrade is above consensus, adding moderate conviction.
Earnings Estimates
Next earnings: Jun 24, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $0.11 | $0.05 — $0.16 | $10.8B | ↑1 ↓0 |
| +1q | $0.45 | $0.39 — $0.51 | $11.5B | ↑1 ↓0 |
| 0y | $1.50 | $1.38 — $1.70 | $46.3B | ↑0 ↓0 |
| +1y | $1.86 | $1.51 — $2.35 | $46.6B | ↑0 ↓0 |
Cross-Platform Signals
Insider buying is a significant bullish divergence: top insiders (Hill Elliott $2M, Tim Cook $1.06M, John Rogers $173K, Robert Swan $500K) have purchased over $3.7M since April 7. No insider sales reported. Institutional moves are mixed: Bank of America trimmed 45.5% ($911M value) but Norges Bank initiated an $830M position. Short interest is extreme at 58.4% of float (3.5M shares short), amplifying any positive catalyst. The insider buys and high short interest converge with the bullish case, while institutional trims and estimate downgrades diverge. Overall, cross-platform signals tilt more bullish than the analyst downgrade wave.
Actionable Insight
The combination of massive insider buying and extreme short interest creates a squeeze setup, but weak earnings momentum demands patience. Traders should watch for a catalyst (e.g. earnings on June 24) to trigger a reversal; the Barclays $73 target provides a long-term anchor, but near-term price action may remain volatile.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
today
|
ANALYST-DOWNGRADE
| $43.97 awaiting T+5 | awaiting T+5 | — | $43.23 (−1.68%) |
|
Jun 7, 2026
2d ago
|
ANALYST-DOWNGRADE
| $44.15 $41.88 | ▼ −5.14% | ▼ −5.35% | $43.23 (−2.08%) |
|
Jun 1, 2026
8d ago
|
ANALYST-DOWNGRADE
| $44.19 $42.62 | ▼ −3.56% | ▼ −7.17% | $43.23 (−2.17%) |
|
Jun 1, 2026
9d ago
|
ANALYST-DOWNGRADE
| $44.61 $43.99 | ▼ −1.39% | ▼ −5.16% | $43.23 (−3.09%) |
|
May 31, 2026
9d ago
|
ANALYST-UPGRADE
| $55.69 $53.44 | ▼ −4.04% | ▼ −1.85% | $43.23 (−22.37%) |
|
May 13, 2026
27d ago
|
ANALYST-DOWNGRADE
| $42.89 $46.50 | ▼ −8.42% | ▼ −5.12% | $43.23 (−0.80%) |
|
May 13, 2026
28d ago
|
Court Ruling
| $42.35 $44.18 | ▼ −4.32% | ▼ −4.46% | $43.23 (−2.09%) |
|
May 10, 2026
4w ago
|
ANALYST-DOWNGRADE
| $42.62 $46.02 | ▼ −7.98% | ▼ −3.47% | $43.23 (−1.44%) |
|
May 8, 2026
4w ago
|
ANALYST-DOWNGRADE
| $44.15 $42.02 | ▲ +4.82% | ▲ +6.28% | $43.23 (+2.08%) |
|
May 6, 2026
5w ago
|
Court Ruling
| $43.83 $42.35 | ▼ −3.37% | ▼ −4.50% | $43.23 (−1.36%) |
US Market Status
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